Robinhood Acquires Bitstamp for $200 Million, Aims to Capitalize on Institutional Crypto Needs

Robinhood has officially acquired Bitstamp in a $200 million all-cash deal, marking a significant shift in strategy for the popular retail trading platform. The acquisition will allow Robinhood to expand its services beyond individual crypto traders and target institutional clients, including hedge funds and fintech companies, with whom it previously struggled to connect.